find one dating site - Online dating public company

It was announced in February 2009 that Match.com's European operations was sold to Meetic for 5 million Euros and a reported twenty-seven percent interest in the company.

Match also noted that the dating industry has become competitive, with many other companies offering lower-priced or entirely free platforms.

It also noted that it is easy for customers to switch between dating apps and websites.

IAC will realistically still have complete control over Match, but Diller previously noted that an IPO would provide with the dating company with "separation and independence from the mother church." Among its risk factors, Match noted the prevalence of cyber attacks as well as hacks perpetrated on companies that work with match.

In July, Ashley Madison admitted that it had suffered a major cyberattack that appears to have scuttled its plans to go public.

Match, whose portfolio includes Ok Cupid, Tinder and Match.com, went public in November at $12 a share, and although the stock is trading below its IPO price, it currently boasts a market cap of $2.3 billion.

Last modified 28-Jun-2017 12:17